21Shares Rolls Out HBAR ETP in Europe, While U.S. Investors Bite Their Nails for ETF Decision

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Well, folks, 21Shares has just thrown its hat into the ring with a shiny new HBAR ETP, joining Valour in offering a way to trade Hedera’s native token on the good ol’ European markets. Meanwhile, across the Atlantic, American investors are anxiously awaiting the SEC’s decision on the U.S. HBAR ETFs, which, if they don’t get delayed like a summer thunderstorm, should come down June 11.

Now, 21Shares has launched this new ETP like it’s the latest and greatest thing since sliced bread – offering 100% physically backed exposure to Hedera (HBAR). Yes, this fancy new ETP allows both the institutional bigwigs and regular folks like you and me to dive into Hedera without ever having to deal with all that crypto mumbo jumbo. You know, the ones where you need a Ph.D. in blockchain just to get started. The ETP, trading under the ticker HDRA, is now available on Euronext Amsterdam and Paris – because, why not? Everybody loves a good Parisian market.

“As more institutions seek secure ways to access digital assets, 21Shares continues to lead the way by bridging traditional finance and crypto with clarity and confidence,” said Gregg Bell, Chief Business Officer at Hedera Foundation, in a statement that sounds like it came straight out of a motivational speech. “This collaboration gives investors a straightforward way to access HBAR and brings them closer to a network trusted by leading institutions worldwide.”

In case you missed the memo, this new Hedera ETP is actually the second one on European soil. The first one, launched by Valour in 2024, made its debut on the Frankfurt Stock Exchange before spreading like wildfire to Euronext Amsterdam. The Europeans, as usual, are ahead of the game – but don’t worry, the Americans are catching up, slowly but surely.

Meanwhile, in the land of the free, ETF issuer Canary Capital has filed for its very own spot HBAR ETF with Nasdaq, sending a letter of love to the U.S. Securities and Exchange Commission in November. A little paperwork here, a little amended S-1 and 19b-4 form there, and voila – the SEC review process began. But hold your horses! Grayscale decided to join the party, filing for its own spot HBAR ETF, with Nasdaq following suit in early March. The SEC, always on its toes, is expected to make a decision by June 11. Let’s all cross our fingers and hope they don’t get distracted by the latest TikTok trend.

Industry analysts, bless their hearts, consider Hedera ETFs among the front-runners for SEC approval – right up there with Litecoin ETFs. So, stay tuned, folks. This financial rollercoaster isn’t done yet!

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2025-06-03 14:26